First Starm to 2025 & Rising Inventory for Bayside
Posted by Leslie Kopp & Christi Arndt on Thursday, March 20th, 2025 at 10:08am
March has arrived and after a winter with multiple snow storms in a few short months, we are grateful for warmer, light-filled days ahead!
As the chart illustrates, Bayside had a slightly slower start to the year for real estate activity. Through the first two months of 2025, 9 properties went under contract, which is down 10% compared to last year and sales volume in dollars (based on list price) down 11%. Properties sold more quickly and the average sale price was down 7%. There has been a notable increase in available inventory, which is something we will continue to monitor.
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